maritime supply chains. On the other hand, protectionism gained momentum, with tariff barriers proliferating worldwide, further straining the global economy. Although the “reciprocal tariffs” introduced by the US in April 2025 targeting global trading partners were ultimately struck down by the Supreme Court in early 2026 after multiple rounds of adjustments, they had already inflicted damage on the world economy. Moreover, the final decision...

News  Updated at: 2026/03/30

U.S. ordered to begin issuing tariffs refunds, while states challenge new tariffs On March 5, a federal judge ruled that the U.S. government must begin paying out more than USD 130 billion in tariff refunds to U.S. businesses after the Supreme Court struck down President Trump's wide-reaching "reciprocal" tariffs. More than 2,000 companies have filed lawsuits seeking refunds for the illegal tariffs they had paid. The ruling from Judge Richard Eat...

News  Updated at: 2026/03/07

business environment and provide more facilities for car OEMs. It was agreed during the meeting to form a working group. It will include members of the Automotive Industry Unit from the Ministries of Industry, Investment, Foreign Trade, Finance, and Transport. It will also include members from the Supreme Council for Automotive Industry. The group will conduct a comprehensive and accurate review of all data and information related to the Nationa...

News  Updated at: 2026/03/06

nued reduction of the benchmark interest rate set by the central bank, Banxico, has made credit more accessible, supporting consumer demand and helping sustain sales levels. It was also recently reported that Mexico’s automotive industry could benefit from new U.S. tariff measures. After the U.S. Supreme Court ruled that the U.S. president lacked authority to impose broad tariffs under the IEEPA, previously applied duties were reduced from 25% ...

News  Updated at: 2026/03/05

as before the court had urged the Federal Circuit in Washington, DC, to immediately close out its phase of the litigation so that they can pursue refunds as soon as possible. Over 2,000 tariff lawsuits have been filed to date, nearly all of which were lodged in the trade court in New York after the Supreme Court heard arguments in November. The trade court paused all of the cases until the Supreme Court ruled. The U.S. Justice Department had argu...

News  Updated at: 2026/03/03

Trump argues against Supreme Court, wants rehearing of case On February 27 in a post of his Truth Social, U.S. President Trump expressed his displeasure at the U.S. Supreme Court decision regarding his IEEPA tariffs that he says could allow billions of dollars to be returned to countries and companies that he says have been “ripping off” the U.S.  ”It doesn’t make sense that Countries and Companies that took advantage of us for decades,...

News  Updated at: 2026/03/03

nance Committee Ranking Member Ron Wyden, D-Ore., Small Business Committee Ranking Member Edward J. Markey, D-Mass., and Foreign Relations Committee Ranking Member Jeanne Shaheen, D-N.H., released legislation to require full refunds of Trump’s IEEPA tariffs after they were struck down by the U.S. Supreme Court in a 6-3 vote. The Tariff Refund Act of 2026 legislation, if passed, would require the full refund of an estimated USD 175 billion colle...

News  Updated at: 2026/03/03

Mexican automotive industry benefited by new U.S. tariffs On February 23, it was reported that Mexico’s exports to U.S. end up being benefited by the new tariffs, including the automotive industry. On February 20, the U.S. Supreme Court ruled that the president lacked authority to impose sweeping tariffs under the IEEPA. Therefore, President Donald Trump enacted a provisional 10% tariff under Section 122 of the Trade Act of 1974 and signaled po...

News  Updated at: 2026/02/27

ewly-imposed 10%, without naming any specific trading partners or ⁠other ⁠details. "Right now, ⁠we have the 10% tariff. It'll go up ⁠to 15 % for some and then it may ⁠go higher for others, and I think ⁠it will be in line with the types of tariffs we've been seeing," Greer said. The U.S. Supreme Court ruled that Trump had exceeded his authority when he imposed tariffs based on IEEPA rules. While those tariffs will not be collected goin...

News  Updated at: 2026/02/26

d Taiwan all indicated a preference to stay with their deals as well. China meanwhile urged the U.S. on February 24 to abandon its "unilateral tariffs," indicating it was willing to hold another round of trade talks. The new 10% tariff, which replaces the IEEPA-based tariffs struck down by the U.S. Supreme Court, is based on a Section 122 law, and does not affect goods now tariffed under Section 232 laws, such as automobiles. (Detroit News articl...

News  Updated at: 2026/02/25

Trump responds to U.S Supreme Court ruling… with new tariffs On February 20, U.S. President Trump responded in many ways to the Supreme Court finding that his use of IEEPA tariffs were illegal on his Truth Social platform, as expected, but in one post, Trump laid out his way going forward. Crediting Justice Brett Kavanaugh, who was not in the majority on the court’s 6-3 finding, Trump said he will be going in a different direction that is eve...

News  Updated at: 2026/02/21

U.S. Supreme Court strikes down Trump’s IEEPA tariffs On February 20, the U.S. Supreme Court struck down a large portion of President Trump’s expansive tariff agenda, delivering a massive loss for the president that has asserted the power to impose tariffs on any country at any time to advance his economic and foreign policies. Chief Justice John Roberts delivered the opinion of the court in the 6-3 decision, saying that the law that undergir...

News  Updated at: 2026/02/21

reases by reducing their profit margins; the remaining 70% will be passed through to consumers by raising prices.” Federal Reserve officials believe much of the overshoot of their 2% inflation target this year is related to trade tariffs, complicating their ability to cut interest rates. The U.S. Supreme Court is set to rule at some point on the legality of many of Trump’s tariffs. (Federal Reserve of New York release on February 12, 2026)  ...

News  Updated at: 2026/02/14

iffs it has already paid. While BYD does not sell passenger cars in the U.S., its business in the country includes buses and commercial vehicles, batteries, energy storage systems and solar panels. BYD North America employs 750 workers in a truck plant in Lancaster, California. Separately, the U.S. Supreme Court is expected to rule on the legality of the tariffs, but U.S. Trade Representative Jamieson Greer said in the first week of February that...

News  Updated at: 2026/02/10

FTI lists potential factors affecting Thailand’s vehicle production for export in 2026 Announced on January 28, 2026, the Federation of Thai Industries (FTI) highlighted key factors affecting Thailand’s vehicle production for export in 2026. Positive factors include: The potential U.S. Supreme Court ruling declaring President Donald Trump’s customs duties (tariffs) unconstitutional Interest rate cuts by the U.S. Federal Reserve OPEC+ moves...

News  Updated at: 2026/01/29

or that the U.S. could walk away altogether. U.S. Trade Representative Jamieson Greer has acknowledged that the Trump administration is considering splitting up the three-way pact and negotiating separate deals with Canada and Mexico. Trump’s remarks in Detroit come as the White House awaits the Supreme Court’s ruling on the legality of the so-called reciprocal tariffs (not those placed on vehicles and parts), which is expected as soon as Ja...

News  Updated at: 2026/01/15

ompany’s electric SUV. This model was released in October 2025 in the Chinese market. It was developed based on Hyundai Motor’s exclusive electric vehicle (EV) platform, E-GMP, as the first EV manufactured by Beijing Hyundai Motor Co., Ltd. The Elexio adopted two Nexen Tire products: the N'FERA Supreme S and the N'FERA Primus QX EV. The N’FERA Supreme S is a high-performance all-season tire applicable to both EVs and internal combustion eng...

News  Updated at: 2026/01/13

Bessent says Trump administration can impose tariffs even if losing Supreme Court decision On December 3 at the New York Times DealBook Summit, U.S. Treasury Secretary Scott Bessent predicted that the Trump administration will be able to implement its tariff agenda regardless of whether or not it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the start of the high court hearing a month ago, Bessent ...

News  Updated at: 2025/12/05

“STOCK UP” by purchasing far more inventory than they can use. That heavy inventory purchase is now, however, wearing thin, and soon Tariffs will be paid on everything they apply to, without avoidance, and the amounts payable to the USA will SKYROCKET”. Trump said he looks forward to the U.S. Supreme Court judgement on his tariffs. (Trump posting on November 24, 2025)...

News  Updated at: 2025/11/26

U.S. Supreme Court hears arguments in Trump tariffs case As scheduled on November 5, arguments in the case at the U.S. Supreme Court over President Donald Trump’s reciprocal tariffs began at 10:00 a.m. as the first major test of his aggressive assertion of presidential powers to reach the high court. Lower courts found that Trump overstepped boundaries when he invoked the International Emergency Economic Powers Act (IEEPA), which was meant for ...

News  Updated at: 2025/11/06